. >> reporter: good morning, frank and michelle. the postal service says they believe the american public will stand behind the move. they also say it's one the president has endorsed in the past and in fact, president obama has made it part of his reduction -- or deficit reduction package just last year. the financially struggling agency says this move will save them about $2 billion and the agency says it's lost about $41 billion over the past six years, $16 billion last year alone this as more mailers have turned to email, internet and online banking. the post office says it tried different options to cut costs in the past. it slashed hours of services at half the nation's 26,000 post offices. every and trim the its workforce by 35% but they say there's only so much they could do without congressional approval. congress never passed a reform bill to give them more flexibility to modernize and streamline services. the cuts will take place this summer but experts say these cuts just aren't enough. >> it won't come close to solving